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you're going to share with us something here ok all right now this one is come from a little boy in greece he says exactly what he wants for christmas and for twenty thirty. dear santa for christmas i would really like a fiscal policy which would see my country's debt be reducing one hundred twenty four percent of our annual output by twenty twenty i know that this is a big ask but it will stop the international monetary fund getting even more annoyed with us although we didn't make the whole thirty billion euros worth of savings we promised just recently we did try very hard. dimitri said marise. well who else has been writing to you oh well this one has come from somebody not too far away from where we are right now this is come from a little girl and bird lynne with her christmas wishes for twenty thirty. thank you for the positive economic growth i asked for last year it has been very helpful this year it would be great if we could have more of the same just is there a way we can give less of our money away to the eurozone countries all the best angle america p.s. i also want to win th
you're going to share with us something here ok all right now this one is come from a little boy in greece he says exactly what he wants for christmas and for twenty thirty. dear santa for christmas i would really like a fiscal policy which would see my country's debt be reducing one hundred twenty four percent of our annual output by twenty twenty i know that this is a big ask but it will stop the international monetary fund getting even more annoyed with us although we didn't make the whole...
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going to be a story about europe and austerity and protests and riots whether it would be spain or greece or even the u.k. and these were real people in real situations in very scary situations and our correspondents were out there in the midst of it all. so we actually we all sat still stood over some type of square and i just see the come around behind the camera everybody else around me putting gas masks on you for moscow going to see your life before you can say anything you get that horrible taste in your mouth and of course it's the tear gas that's become so synonymous with these demonstrations in greece along with the firing of molotov cocktails and clashes with the place the producers like to see their correspondents in the middle of a crowd which is great but then the crowd the shouting the correspondents try to speak out everyone's very loud you can't hear anything that makes for good television. it's an incredible event covering it is pretty exciting you've got political elements you use the elements in the course force you've got the tragic human stories of people who are driv
going to be a story about europe and austerity and protests and riots whether it would be spain or greece or even the u.k. and these were real people in real situations in very scary situations and our correspondents were out there in the midst of it all. so we actually we all sat still stood over some type of square and i just see the come around behind the camera everybody else around me putting gas masks on you for moscow going to see your life before you can say anything you get that...
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Dec 4, 2012
12/12
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euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans to greece when they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is foreca
euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans to greece when they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly...
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so if greece stood its ground. the banks. greece. and. what constitutes one to go down say in the show delta they know. this is the truth six. months or is that so much seven and there's a huge decision by the french toast divided against itself the sunni shia conflict rages across the arab middle east and beyond is this sectarian division being used . he is under siege for. destruction without mercy. what could have been just ruins. saved by a great sacrifice. and restored by huge efforts. a remarkable reminder of courage and selflessness. beauty is of more people. the russian the song i. choose your language. because you know if. someone. chooses the least the concerns get clinical. choose the opinions that invigorating the good. choose the stories get into a good life choose to access to your office. live . live. olympos. her mother. the speed. her her. mum will. sleep good luck good luck to her mum just see the mummy mummy mummy mummy. mummy i'm a little. you know sometimes you see a story and it seems so for lang you think you unders
so if greece stood its ground. the banks. greece. and. what constitutes one to go down say in the show delta they know. this is the truth six. months or is that so much seven and there's a huge decision by the french toast divided against itself the sunni shia conflict rages across the arab middle east and beyond is this sectarian division being used . he is under siege for. destruction without mercy. what could have been just ruins. saved by a great sacrifice. and restored by huge efforts. a...
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Dec 21, 2012
12/12
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CNBC
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what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung electronics of breaking competition rules when it filed its patent lawsuits against rival apple. now, the commission is saying samsung should have tried to license its patents on fair, reasonable and nondiscriminatory terms before launching any sales claims against apple and this may explain why apple dropped those claims earlier this week. now, the eu's probe has been underweight since january. many analysts say the eu's move had been spented. samsung's withdraw came on the heels of a california judge's refusal to block sales of dozens of samsung's mo
what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung...
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so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showdown they know. this is the truth. it's perched atop a jaw drop and the view from that the ball scrubland stretches this fall as the eye can see up for a city that chilled all of siberia for centuries. it lost its economic importance even before it was bypassed by the chance siberian railway but the a spiritual center. things like these are a yearly occurrence thousands of orthodox worshippers of them selves and blessid water to commemorate the baptismal jesus. it doesn't matter if it's minus thirty it's a siberian tradition i do it myself every year for everyone to overcome their worst fears it is desirable to take the plunge. but that's picture postcard churches the story of a city built by opportunist explorers political exiles and crafty fur traders. in the fifteen eighties the russians had only just conquered siberia taking it from the muslims. surrounded by enemies to be their stronghold constructed on top of the city bu
so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showdown they know. this is the truth. it's perched atop a jaw drop and the view from that the ball scrubland stretches this fall as the eye can see up for a city that chilled all of siberia for centuries. it lost its economic importance even before it was bypassed by the chance siberian railway but the a spiritual center. things like these are a yearly occurrence thousands of orthodox...
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Dec 31, 2012
12/12
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CSPAN
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>> i put greece out on its own because the magnitude of the downturn in greece has been phenomenal. it's had six recessive years. the loss of income is of the order of 20% to 30% on average. we've had nothing like that in this country. we're almost due to be back next year to where we were in 2007. it's not as though we've had a massive loss of income. so that's a fundamental loss of explanation. there are also cultural differences in some countries there is more of a tradition of having riots. if for instance, you contrast ireland and spain very similar pathologists a problem leading to the downturn. in ireland there were muted protest. in spain we've seen that the indignants have been on the streets of madrid since 2010. these are the sorts of differences that are the result of different cultural attitude to what's going on. >> it is a different cultural thing in history than people have done in the past? >> you would add to that that in spain they got use to a never-ending prosperity. in a decade prior to 2007, spain had been the booming economy of europe. at one stage during the
>> i put greece out on its own because the magnitude of the downturn in greece has been phenomenal. it's had six recessive years. the loss of income is of the order of 20% to 30% on average. we've had nothing like that in this country. we're almost due to be back next year to where we were in 2007. it's not as though we've had a massive loss of income. so that's a fundamental loss of explanation. there are also cultural differences in some countries there is more of a tradition of having...
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portugal greece and spain have. full blown still colm syndrome finds the study host to just a crippling bit bonkers coast full of the loans and dependency and a terrifying twist the state's so-called risk of the same as the host each take has first great premier pop at the most then it's a nice moment to see. multinational because for stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is seen drum because i can see that that governments are kidnapped by b.s. because late we could achieve this kind of people and. they are not defending that . we can see that greece and spain mainly because. instead of. being able to work on our. ways to go out of crisis they are getting here was the solution these of course he said gains the interest. of people well or in these very issues and example they decided not to use. odious states in international law loans moultrie paid because taken against the interests of the people equate those debts repayment was loaded in favor of l
portugal greece and spain have. full blown still colm syndrome finds the study host to just a crippling bit bonkers coast full of the loans and dependency and a terrifying twist the state's so-called risk of the same as the host each take has first great premier pop at the most then it's a nice moment to see. multinational because for stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is seen drum because i can see that that governments are...
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Dec 4, 2012
12/12
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CNBC
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no, greece we have to get out of the way. is the debt by back program going to be successful, everyone nds it will. we know that's the one little lynchpin on which everything else rests. so if it's not, the money will not flow, but everybody insists as when he headed into the euro group meeting yesterday that it will be successful. that's also what what we hear from the greeks. there's a bit of arm fwising, but it will probably go through. and then lo and behold ahead of the actual summit in the morning, they can sign up the check for the next greek installment also we hope. we're also closer to a little rescue package for cypress. spanish aid package for the banks is on track. so that was the working list last night. another thing on the to-do list. the head of the euro group confirmed last night that, no, i will not extend anything now, i will definitely leave as head of the euro group at the end of this year, so there will be another personnel debate. remember they asked him will to stay on for another half year because th
no, greece we have to get out of the way. is the debt by back program going to be successful, everyone nds it will. we know that's the one little lynchpin on which everything else rests. so if it's not, the money will not flow, but everybody insists as when he headed into the euro group meeting yesterday that it will be successful. that's also what what we hear from the greeks. there's a bit of arm fwising, but it will probably go through. and then lo and behold ahead of the actual summit in...
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so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showed they know. this is the truth. little. girls are. there on. the street. you. we're. going. to come out of it in a. moment but i'm a little. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture.
so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showed they know. this is the truth. little. girls are. there on. the street. you. we're. going. to come out of it in a. moment but i'm a little. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur...
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Dec 30, 2012
12/12
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KRCB
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in the end, the you chose not to abandon them, but greece continues to have to make drastic cuts, leaving marks that are visible throughout the country, including a long one of the world's most famous routes -- along one of the world's most famous routes. ♪ >> at precisely 42,195 meters long, this is the route that has become the standard for all marathon runners. the course was inspired by a 2500-year old myth, only today it is run on asphalt along with the capital's main roads. this is the bay where it said the lenda battle took place in 490 bc. it marked the first greek victory over the persians. according to legend, the athenian warriors gathered in a phalanx formation and managed to fight off a persian invasion. then a messenger ran the 42- kilometer distance to athens with news of the victory. at the local museum, the marathon's legacy is omnipresent. more modern-day hellenistic heroes have also been demoralize here. for instance, marathon runner who won the first olympic marathon in 1896. >> exactly like the car which they gave to the winner. >> at the eight-kilometer mark, there
in the end, the you chose not to abandon them, but greece continues to have to make drastic cuts, leaving marks that are visible throughout the country, including a long one of the world's most famous routes -- along one of the world's most famous routes. ♪ >> at precisely 42,195 meters long, this is the route that has become the standard for all marathon runners. the course was inspired by a 2500-year old myth, only today it is run on asphalt along with the capital's main roads. this...
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Dec 11, 2012
12/12
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CNBC
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there is no argument there as there wasn't for greece. we know the countries, italy, greece is in a crisis and it's a crisis due to lack of competitiveness. going back to the currency, under the currency they create a wave of all sorts of problems including inflation and i think it is not a good route. >> well, i do rather agree with paula on this one. the problem with the euro is it gives you easy and quick solutions. and we're going to keep developing your currency. as you go back to the old days where you keep lowering your currency and you pay relatively high rates on your debt. so the appeal of the euro in the beginning was, oh, chief debt. it looked like christmas. now we're discovering that that regime, a ten-year regime where many peripheral countries got hammered. only germany sort of really held it together. now we have to look at how to undo this. for countries who have no ambition about their future, then maybe the policy is the way to go. italy had so many things going for it that falling back, that seems almost -- >> how abo
there is no argument there as there wasn't for greece. we know the countries, italy, greece is in a crisis and it's a crisis due to lack of competitiveness. going back to the currency, under the currency they create a wave of all sorts of problems including inflation and i think it is not a good route. >> well, i do rather agree with paula on this one. the problem with the euro is it gives you easy and quick solutions. and we're going to keep developing your currency. as you go back to...
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so if greece stood its ground. the banks. which have to choose one to go down say in a showed they know. this is the truth. secret laboratory to mccurry was able to build the world's most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach creation why it should care about humans in the world this is why you should care only on the r.t. dot com. he and some to see. destruction without to see. what could be just ruins lives saved by a great sacrifice. understood by human jets it's. a remarkable reminder of courage and selflessness. beauty is a. russian a site. that. luke lives. speak. with. lisa. lisa. slim on. line i'm a little. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harkin welcome to the big picture.
so if greece stood its ground. the banks. which have to choose one to go down say in a showed they know. this is the truth. secret laboratory to mccurry was able to build the world's most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach creation why it should care about humans in the world this is why you should care only on the r.t. dot com. he and some to see. destruction without to see. what could be just ruins lives saved by a great sacrifice....
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Dec 19, 2012
12/12
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CNBC
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i think greek -- greece is a speculative market. it's important that no banks have -- defaulted on the senior debt including in greece. so there's information there. but, you know, greece is -- i don't take this particularly as a barometer for broader sentiment. when you look at italy, spain, yields come in a lot on the anticipation that the ecb will be the lender of last resort. that's the big positive. however, the level of yields we have, italy or spain, is not consistent with long-term fiscal sustainability. you need to have your nominal yield, you know, fairly close to your nominal growth rate. in the case of italy and spain, it's wail, way above. so careful in terms of the overall assessment, there's still an awful lot of risks surrounding italy and spain, you know, makes it relatively attractive, the bonds, i think. but still is not consistent with long-term debt sustainability in those countries. >> which is an important point. you're overweight on italian and spanish debt. we've seen the deals come in quite a bit. does that
i think greek -- greece is a speculative market. it's important that no banks have -- defaulted on the senior debt including in greece. so there's information there. but, you know, greece is -- i don't take this particularly as a barometer for broader sentiment. when you look at italy, spain, yields come in a lot on the anticipation that the ecb will be the lender of last resort. that's the big positive. however, the level of yields we have, italy or spain, is not consistent with long-term...
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Dec 21, 2012
12/12
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KQED
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greece is at the front line of the migration challenge. more than 80% of migrants into into the european union and they do go through greece. thousands end up in detention camps and many of those who are not detained spent days and nights waiting to apply for asylum. other recent months, there has been a wave of attacks on immigrants, a number of them being stabbed to death. it is not just the illegal migrants or asylum seekers feeling under attack. some of them are feeling targeted even when they are there legally. this racially motivated attack coincides with the rise in popularity of a far right parties like the golden who blame some of the country's problems on illegal migration. greece, which is in the grips of its worst recession in decades, has called on do you for more help. the country says that they bear the disproportionate weight of the illegal immigration burden. >> as 2012 draws to a close, few countries have expressed as much change this year as burma there are moves to end the armed conflicts which have plagued burma since
greece is at the front line of the migration challenge. more than 80% of migrants into into the european union and they do go through greece. thousands end up in detention camps and many of those who are not detained spent days and nights waiting to apply for asylum. other recent months, there has been a wave of attacks on immigrants, a number of them being stabbed to death. it is not just the illegal migrants or asylum seekers feeling under attack. some of them are feeling targeted even when...
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Dec 3, 2012
12/12
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KCSMMHZ
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debt level for greece. your of the program is not an option. everybody here is -- failure of the program is not an option. everybody here is saying the program will succeed. >> thanks for that update. athens is going for a bond swap to cut some 20 billion euros off of its debt load. we talk about how that went down on the frankfurt stock exchange. >> the buyback offer, which the greek government made to private investors, it is much better than the market price of these government bonds was during the last few weeks. that is why many in the markets believe that maybe investors will accept to take part of this deal. the overall movement on the stock trading floor monday was a bit mixed, not so good economic data from the united states came in. on the other hand, chinese economic data looked quite good. it indicates that the economy in china is expanding again. that means that german companies can hope for new orders from china again, and the markets here can hope for new chinese money to be invested soon int
debt level for greece. your of the program is not an option. everybody here is -- failure of the program is not an option. everybody here is saying the program will succeed. >> thanks for that update. athens is going for a bond swap to cut some 20 billion euros off of its debt load. we talk about how that went down on the frankfurt stock exchange. >> the buyback offer, which the greek government made to private investors, it is much better than the market price of these government...
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Dec 18, 2012
12/12
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KCSMMHZ
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. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms. public-sector workers are calling for strikes on wednesday to protest. and the international monetary fund, which is also part of the troika of lenders to greece, has released 890 million euros in fresh bailout funds to ireland. the imf says the country is making good progress under its own two-year rescue program. >> ireland is proceeding with reforms to lower its deficit in spite of a slowdown in economic growth. the imf expects ireland's deficit to come under targets. in spite of calls to boost social spending in response to high unemployment. ireland's budget for next year and to reduce its deficit by about
. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms....
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Dec 1, 2012
12/12
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KCSM
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. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia law. critics say it ignores fundamental democratic principles and marginalizes the nation's large christian populations. it has set the stage for conflict in a more increasingly divided nation. >> opponents of the president are outraged at the document adopted by the assembly. protesters are maintaining a vigil, and demonstrations are growing. critics warn that egypt is fast becoming an islamic state. >> hosni mubarak never divided the egyptian people. now, there is president morsi, and we do not know if he is the president of egypt or the president of the muslim brotherhood. >> islamists who dominate the assemb
. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia...
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Dec 20, 2012
12/12
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LINKTV
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and and greece, civil servants have gone on a 24-hour price against job cuts. many public services were disrupted in the capital. >>> in south korea, voters have elected their first female president, who follows in the footsteps of her father who was also president. she is vowing to batter the economy. >> she has occupied a place on the national stage since the early 20's, but this is something new. if just before midnight, in freezing temperatures in central seoul, she addressed her supporters and the nation as the first female president elect. >> i will be the people's president who keeps promises to the citizens. this is the year of happiness we have all been waiting for. >> south korea remains a male- dominated society. just half of the working age women still have a job. if some see this as a transformative moment. >> there has been a glass ceiling in this society. with a woman president, took that we will demonstrate our troop qualities. >> i admit defeat, but it is just my defeat, not not that of others who are hoping to have a new government. i congratu
and and greece, civil servants have gone on a 24-hour price against job cuts. many public services were disrupted in the capital. >>> in south korea, voters have elected their first female president, who follows in the footsteps of her father who was also president. she is vowing to batter the economy. >> she has occupied a place on the national stage since the early 20's, but this is something new. if just before midnight, in freezing temperatures in central seoul, she addressed...
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106
Dec 29, 2012
12/12
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KCSM
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eye 106
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greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year, it was clear that the eurozone had a tough time ahead. credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fiscal pact promise, is of little interest to the markets. >> agrees also posed a chall
greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year,...
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Dec 11, 2012
12/12
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FOXNEWSW
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here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ ♪ ♪ >> greg: we're going to hell. the korean pop star performed at christmas in washington last night. joe biden took a picture with him thinking he's obama. he is the guy behind gangnam
here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto...
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253
Dec 13, 2012
12/12
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CNBC
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sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or denied by the finance ministry, so it seems that that's the determination. it looks like it, anyway. we know that the one linchpin is indeed the set buyback program. it kind of falls short of expectations. but i'm sure they're going to make it enough of a success to sign the check tonight or tomorrow if it's the heads of state doing it. but the expectations that the euro group meeting that is in session right now is the one that will dispense the money or will decide to disexpense the money. never mind who signs on the bottom line and indeed the great delegation goes home at least to
sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or...
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so greece has its financing for next year. after that, it's a very big open question. >> bob parker from credit suisse, thank you so much for all your time and thoughts this morning. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> welcome to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. political turmoil in italy sending european shares lower. italian banks lead the downward mo move. china's weak export figures are weighing on sentiment. the unexpected decline signals continued pressure from abroad. >>> and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend with just weeks to go before the u.s. heads over the fiscal cliff. >> keeping an eye on italian third
so greece has its financing for next year. after that, it's a very big open question. >> bob parker from credit suisse, thank you so much for all your time and thoughts this morning. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex...
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Dec 29, 2012
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this year everything in greece changes. after the crunch down on the greek people, making them pay for a crisis they had nothing to do with, making them a for bailing out the richest folks in greece, etc. the greek people did what no one thought they would. in the last two elections, a majority of greek people did not vote for either of those parties. try to understand what it would mean if a majority of americans voted for night of the republicans or democrats. in the last election the two major parties of greece, new democracy and the socialist party together got under 40% of the vote. and the explosive new party is a party that is a far left wing party that is against all austerity programs and wants to solve greece's problems by taking wealth away from the traditional greek ridge. this is a party that until this year didn't get more the 2% or . this is a party that until this year didn't get more the 2% or 3% of thech . this is a party that until this year didn't get more the 2% or 3% of the. this is a party that until
this year everything in greece changes. after the crunch down on the greek people, making them pay for a crisis they had nothing to do with, making them a for bailing out the richest folks in greece, etc. the greek people did what no one thought they would. in the last two elections, a majority of greek people did not vote for either of those parties. try to understand what it would mean if a majority of americans voted for night of the republicans or democrats. in the last election the two...
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seeing the decisions that are made here in journey but the effects that they have on countries like greece who would sound in athens where in thessaloniki where we've witnessed the. decisions that are made by the most successful eurozone countries what they're having on the poorer countries like greece like italy like spain and the well unfortunate results of the financial crisis on every day people you're reporting from a lot of think of this let's just recall what happened in grace witnessed didn't it the worst civil unrest in europe by far how has life changed for the greeks in twenty twelve. yes we have seen some serious changes to the lifestyle of the every day greek i think one of the most poignant moments of it really was we went to a an orphanage in thessaloniki and we were talking to the organizers the who run the charity that runs they say this over there they were saying this. twelve months ago eighteen months ago the vast majority of people who were the children that were coming to them were they would be an orphan they may perhaps have been abused and now the vast majority of
seeing the decisions that are made here in journey but the effects that they have on countries like greece who would sound in athens where in thessaloniki where we've witnessed the. decisions that are made by the most successful eurozone countries what they're having on the poorer countries like greece like italy like spain and the well unfortunate results of the financial crisis on every day people you're reporting from a lot of think of this let's just recall what happened in grace witnessed...
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some my eurozone members and habitable at this point you know so you know so you don't believe that greece is going to leave the euro zone in the near future but no i don't i think the years i will find its way through to a stable resolution in which the financial system is robust which only which growth will slowly build up but this does require addressing some particular issues about competitively of different markets and how do you think that should be addressed i think it will be a matter of slow. adjustment of a number of different economic regions and it's important that those issues are addressed so what do you think would be the specific solution how do you think that should be tackled specifically with greece you know the issue that's on everyone's agenda right now. what do you think is the best solution in that particular case and does seem like somebody would have to take the loss who do you think it should be clearly the very significant problems in the greek economy and a lot of progress has been made there are a number of adjustments that have to be made i think it's also wor
some my eurozone members and habitable at this point you know so you know so you don't believe that greece is going to leave the euro zone in the near future but no i don't i think the years i will find its way through to a stable resolution in which the financial system is robust which only which growth will slowly build up but this does require addressing some particular issues about competitively of different markets and how do you think that should be addressed i think it will be a matter...
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years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are political cracks in brussels here we have a top official being openly critical of the rest of europe. i mean there are always political cracks in brussels and across europe you have a group of countries that will agree on some things but won't agree on everything and when you start to push them together when they start to end up in a deep economic crisis it's also a crisis of institutions of course they start to squabble and that's what we've seen over the last few years no real agreement on what to do next because everyone has their own somewhat divergent interests and that's germany doesn't want to carry the can for failing greek banks greece doesn't understandably necessarily want to interrup
years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are political cracks in brussels here we have a top official being openly critical of the rest of europe. i...